Short Interest in Simpple Ltd. (NASDAQ:SPPL) Expands By 123.5%

Simpple Ltd. (NASDAQ:SPPL) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 442,408 shares, an increase of 123.5% from the April 30th total of 197,985 shares. Approximately 7.6% of the shares of the stock are short sold. Based on an average daily volume of 1,076,964 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Simpple Stock Up 35.5%

SPPL traded up $0.94 during trading on Friday, reaching $3.59. The stock had a trading volume of 640,030 shares, compared to its average volume of 1,197,757. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. Simpple has a one year low of $1.50 and a one year high of $7.00. The business has a 50-day moving average of $2.36 and a 200-day moving average of $3.16.

Simpple (NASDAQ:SPPL) last released its earnings results on Wednesday, April 8th. The company reported ($0.16) EPS for the quarter. The company had revenue of $0.92 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC purchased a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors.

Simpple Company Profile

Simpple Ltd. provides advanced technology solutions in Singapore. The company engages in the sale, warranty, and maintenance of autonomous robotic cleaning equipment. It also offers SIMPPLE Ecosystem platform includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, which offers complimentary peripherals, such as IoT sensors and robotic solutions that add value to the entire ecosystem that the company distributes, sells, and manages; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates robotic and human workforce deployments.